Group 1 - The core viewpoint of the article highlights the performance of gold futures, with the Shanghai gold main contract reported at 966.22 yuan/gram, reflecting a 1.83% increase [1] - The macroeconomic context indicates a slight decline in consumer spending and a generally weak labor demand, as noted in the Federal Reserve's Beige Book [1] - The Federal Reserve's member Milan suggests accelerating interest rate cuts, with a realistic expectation of two more cuts this year, impacting the dollar index and U.S. Treasury yields [1] Group 2 - Domestic economic growth is showing signs of acceleration, despite ongoing tensions between China and the U.S., with both sides expressing restraint [1] - Various industries in China are rolling out growth stabilization plans, supported by increased policy measures, which are expected to boost domestic risk appetite [1] - The market's trading logic is currently focused on domestic stimulus policies and U.S.-China negotiations, with an enhanced upward macroeconomic drive anticipated in the short term [1] Group 3 - The precious metals market continues to trend upward, with the Shanghai gold main contract closing at 960.34 yuan/gram, up 2.09%, and the Shanghai silver main contract at 11,966 yuan/kilogram, up 2.30% [1] - The expectations of interest rate cuts by the Federal Reserve and geopolitical tensions are driving the ongoing record rise in spot gold prices, although short-term volatility is increasing [1] - The short-term outlook for precious metals remains strong, with a long-term upward trend unchanged; strategies suggest holding long positions or reducing positions at highs in the short term, and buying at lows in the long term [1]
东海期货：短期贵金属偏强运行 中长期向上格局未改
Jin Tou Wang·2025-10-16 07:13